2,072 Shares in Houlihan Lokey, Inc. $HLI Purchased by Alliance Wealth Advisors LLC UT

Key Points

• Alliance Wealth Advisors LLC UT purchased 2,072 shares of Houlihan Lokey, Inc. (NYSE:HLI), valued at approximately $335,000, in the first quarter.
• Houlihan Lokey recently reported a strong quarterly earnings performance with an EPS of $2.14, exceeding the consensus estimate significantly, alongside a 17.8% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.60 per share, translating to an annualized yield of 1.3%, with a payout ratio of 40.40%.

Alliance Wealth Advisors LLC UT acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,072 shares of the financial services provider's stock, valued at approximately $335,000.

Other large investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in Houlihan Lokey in the first quarter worth about $619,000. New York State Teachers Retirement System grew its stake in shares of Houlihan Lokey by 1.1% during the first quarter. New York State Teachers Retirement System now owns 17,926 shares of the financial services provider's stock worth $2,895,000 after acquiring an additional 200 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of Houlihan Lokey during the first quarter worth about $210,000. QRG Capital Management Inc. grew its stake in shares of Houlihan Lokey by 9.7% during the first quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider's stock worth $805,000 after acquiring an additional 439 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Houlihan Lokey by 31.4% during the first quarter. PNC Financial Services Group Inc. now owns 16,955 shares of the financial services provider's stock worth $2,738,000 after acquiring an additional 4,056 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Irwin Gold sold 5,000 shares of Houlihan Lokey stock in a transaction on Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total value of $86,510.00. The disclosure for this sale can be found here. Insiders own 22.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLI. Wells Fargo & Company upped their target price on Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods raised Houlihan Lokey from a "hold" rating to a "moderate buy" rating and increased their price target for the company from $185.00 to $232.00 in a research report on Monday, July 14th. Wall Street Zen cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $192.00 price objective (up previously from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Houlihan Lokey has a consensus rating of "Moderate Buy" and an average price target of $206.40.

Houlihan Lokey Stock Down 0.4%

Houlihan Lokey stock traded down $0.70 during mid-day trading on Thursday, hitting $192.10. 307,015 shares of the company's stock traded hands, compared to its average volume of 402,947. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $198.78. The firm has a 50 day moving average price of $187.48 and a 200 day moving average price of $173.99. The company has a market cap of $13.51 billion, a PE ratio of 32.34 and a beta of 0.86.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.45. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The company had revenue of $605.35 million for the quarter, compared to the consensus estimate of $573.07 million. During the same quarter in the previous year, the business earned $1.22 EPS. The company's quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. Houlihan Lokey's payout ratio is currently 40.40%.

Houlihan Lokey Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.